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Articles on football club company financial results – interim or full-year.
Hibernian have reported losses of £840,000, down on £1.2m the previous year. The club insists that underlying finances are in good shape with a debt restructuring successfully completed. A share issue raised additional funds and 19 per cent of shares are now held by supporters.
Increasingly looking like the leading European team, Bayern Munich have announced the best ever financial results in their 115-year history. Turnover is up to £368m, although that still leaves them slightly behind Barcelona and Real Madrid in terms of revenue.
Chelsea made a £23.1m loss in the financial year ending 30 June 2015, but remained compliant with financial fair play rules. Turnover was down slightly from £319.8m to £314.4m. Commercial and matchady revenue was broadly steady.
Manchester United are set to become the first club to break through the £500m barrier after reporting record first quarter results of £123m. Annual revenues should be in the region of £500m-£510m.
The return to the Champions League, and sales of the new Adidas 2015-16 shirt, contributed to revenues that were up by 39 per cent.
However, profits declined from £8.7m in the same period last year to £5m. This reflected losses of £7.4m on player trading.
Charlton Athletic owner Roland Duchatelet is far from popular with fans of the South-East London club. Yesterday he authorised the sacking of the third manager from his European ‘network’, Guy Luzon. Charlton are currently in the relegation positions in the Championship.
Volunteer run Darlington are making good progress with turnover up 18 per cent at £341,000. All debts have been cleared and there is around £300,000 in the bank. However, more help is needed from a wider range of volunteers.
One disappointment is that the club has not moved backed to Darlington and continues to play at Bishops Auckland. Negotiations for a ground share at Darlington RFC continue.
Manchester City have made a proft of £10.7m in their last financial year. This is the first time they made a profit since Sheikh Mansour bin Zayed took over the club in 2008. The profit was achieved despite fines of £16m for breaches of Uefa’s financial fair play rules.
The latest financial results from Maidstone United show a clear success story. Turnover is up to £1.36m and profits are £245,000. Admittedly, a FA Cup run helped these figures.
Nevertheless, the underlying story is a strong one. Wages account for less than 20 per cent of turnover, with funds being put into expanding the capacity of he stadium with its 3G pitch. Attendances and season ticket sales are up.
Is it better to have plenty of money in the bank or use that money to enhance performance on the pitch? That is the eternal dilemma at Arsenal and it is one that continues to exasperate the clubs’ fans. One comment after the latest financial results was that they had produced at least one good result this week.
Celtic have turned a £4m profit into a £11m loss in the year to 30 June. The explanation is a failure to reach the group stages of the Champions League and a reduction in transfer income. Revenue fell by over a fifth to £51.1m.